Comparing Credit Card Offers: Navigating Credit Card Fees

Posted by: Allie P. | Dec 27,2007

When you’re comparing credit card offers, look closely at the fees. Often a credit card offer can look really good until you get down to the fine print. It used to be really difficult to ascertain what fees were associated with a credit card. These days, every credit card offer you receive should have an easy to read list of fees. What you need to know when you compare credit card offers:

 

0% APR credit cards typically have no interest for the first six to twelve months and then they start to increase. Find cards that have a longer introductory promotional interest rate to save on fees. When you compare credit card offers, look closely at 0% APR credit cards to see what the interest rate will be when the promotional offer is over. I always make a note on my calendar so I don’t forget when the introductory interest rate for a credit card ends. 

 

When you compare credit card offers, pay close attention to fees for being late. In addition to paying a fee, if you’re late on a credit card payment it may mean an increase in interest rates. It’s often better to pay a smaller fee to overnight your payment or to make a payment by phone (many credit card companies charge $10 for this service) than to pay the higher late fee and get dinged by a higher interest rate.

 

Compare balance transfer credit card offers and then apply online.

 

 

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